Universal basic income would cost the US up to $3.8 trillion per year — Bridgewater estimate
The cost is greatly reduced if it replaces existing welfare spending.
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Not exactly. There are some odd assumptions in that, and it ignores the offset benefits we would get from innovation, research, and small busi was starts that otherwise cannot exist.
Moreover UBI makes most sense in conjunction with eliminating several other programs that would be rendered redundant by UBI plus eliminating corporate welfare...that last being a really fuzzy number. [prospect.org]
Unfoldingchaos
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July 12, 2018
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